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981 Truffles Ct Apopka, FL 32712

4 Beds 3 Baths 2,559 sqft Built 2007

$429,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $168.00
  • 3 Days on Market
  • MLS # : O5914023
  • Updated Date : 01/02/2021 at 15:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,559 sqft
  • Baths : 3 full
Listing Agent

Home Wise Realty Group Inc

Listing Agent's Description

One or more photo(s) has been virtually staged. Semi Custom Engle Built Rock Springs home! Stunning setting and curb appeal! Gorgeous ROCK exterior, large front yard set far from road with extended paver driveway. HEATED POOL & SPA! LOCATED IN A CUL-DE-SAC WITH NO REAR NEIGHBORS! 2020 ROOF! DOUBLE PANE WINDOWS, NEWER STAINLESS APPLIANCES! GRANITE! ENGINEERED HARDWOOD FLOORS! POOL REMODELED! Superior construction quality from this builder leads off with Stem walls, some concrete interior walls, moisture barrier, & exterior doors open out. Love the INTERIOR WALLS! THE ARCHITECTURAL DESIGN OF THE WALLS IS ARTWORK! 15 Ft. Ceilings soar seamlessly over this genius Emerald Plus floorplan. 3way split with Owner's suite located on it's own side, 2 bedrooms' in another wing and another with full bath in 3rd wing. The outdoor living space is spectacular! Lots of deck space to entertain an army of friends and family. Additional paver deck for additional space. This home is gorgeous and is maintained to better than new standards. PLANTATION SHUTTERS! Designated to Apopka's fabulous WOLF LAKE SCHOOLS! Apopka is an amazing location offering a wonderful quality of life yet convenience and easy access to all Orlando had to offer! Call your Realtor and put this perfect and immaculate home at the top of your list!

SEE MORE

MARKET HIGHLIGHTS

  • Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)
  • Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.
  • Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.
  • Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
  • Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9301845

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Wolf Lake Elementary School Primary Regular 1,206 76 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Wolf Lake Elementary School

  • Education Level: Primary
  • # of students: 1,206
  • # of teachers: 76
8
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,586
Property Tax -$463
Property Insurance -$189
HOA -$38
Property Management Fees -$129
CASH FLOW
-$385

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$429,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,956

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,020

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,593

    COMP ESTIMATED VALUE
  • $0.62

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5503$1,6254$1,7955$2,020
$2,020
RENT COMPS ANALYSIS
  • 981 Truffles Ct Apopka, FL 5
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.79
    •  
  • 3928 Long Branch Ln Apopka, FL 1
    • 4 beds 2 baths ∙ 2,495 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,495 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.56
    •  
  • 3961 Long Branch Ln Apopka, FL 2
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.57
    •  
  • 3664 Rolling Hills Ln Apopka, FL 3
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.64
    •  
  • 3896 Long Branch Ln Apopka, FL 4
    • 4 beds 2 baths ∙ 2,502 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,502 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.72
    •  
PROPERTY LISTING DETAILS
Michelle Chase
1.407.595.7685
Home Wise Realty Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914023
Last Updated: 01/02/2021
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